Dong Energy's interim financial report presents a drop in revenue and an increased profit after tax.

The fourth Azurite well in is set to come on stream at the end of September, PA Resources says.

The exploration results didn't match Det norske's anticipations in the second quarter, and resulted in a net loss.

Strong production and more stable commodity prices contributed to improving Melrose's revenues in the first half of 2009.

Increased production from the Don Southwest contributed to an improved profit for Enquest in the first six months of 2010.

Seawell has received the 430 million dollars, the company asked for yesterday.

Songa Offshore's profit more than halved in the second quarter 2010 compared to the same quarter in 2009.

TGS' reports that its net income halved in the second quarter.

Lundin's production is better than anticipated, according to the company's quarterly report.

Simtronics has signed a deal with Autronica Fire and Security which has provided a bridge funding of 18 million kroner.

North Sea developer Ithaca has completed a further move in financial markets to secure funding for its UK Greater Stella Area.

Rig developer Sevan Marine has signed up for a new US $530 million finance package for the  Sevan Driller.

Ithaca Energy has secured further cash for its North Sea projects.

Bergen-based GC Reiber Shipping has completed  a private placement to raise NKr 450 million (US $68 m) to finance the purchase of two newbuild high-capacity seismic vessels in Spain.

Management expert Deloitte says the UK emergency budget unveiled by Chancellor George Osborne has failed to introduced any major new tax changes which will hit North Sea industry.

British oil and gas companies have acknowledged the challenge they face in the weeks and months ahead as the government tries to balance public spending in the UK but they have also called for the government to maintain investment in energy.

British business including oil and gas companies were bracing themselves for a new government budget due to be announced at lunchtime which is expected to hit business hard.

Norwegian PM Jens Stoltenberg makes it clear that he does not think the Government has misinformed the Parliament in the Mongstad case.

Denmark's Dong Energy has put more cash in the bank after arranging a new €750 million (US $918 m) credit facility.

Subsea contractor Cecon has been granted a further extension period for the repayment of interest on a US $100 million bond loan which was due on 4 May.

Noreco spent two thirds of its exploration expenses on the Frusalen well in the first quarter.

North Sea major Talisman Energy will have more cash to spend after securing the sale of non-core assets onshore Canada for Cdn. $1.9 Bn (US $1.89 Bn).

Rig group Aker Drilling has given notice that it is considering another bond issue to raise more funding.

Scottish and Southern Energy has landed more cash from Europe to progress renewable energy projects.

Noreco has agreed to arbitration in a dispute with financier Norsk Tillitsman over the pricing of a bond issue made last year.

London-listed Cove Energy has launched a new share placing to cover its exploration costs for the Rovuma Basin area offshore Mozambique.

North Sea field developer Xcite Energy has signalled plans to raise up to £24.9 million through new share placings to fund an appraisal well on the UK Bentley heavy oil field.

Noreco reports of a net loss of 87 million kroner in the fourth quarter.